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Moody’s says sharp deterioration in fiscal, external positions underpin Mongolia’s Caa1 rating

[Нийтэлсэн: 18:01 08.12.2016 ]

www.reuters.com

Moody’s says sharp deterioration in fiscal and external position underpin Mongolia’s Caa1 rating, despite strong medium-term growth potential

Banks’ credit profiles are under pressure,expect continued deterioration in asset quality,liquidity,capitalization in next few months

Expects real GDP growth to average zero this year, before picking up modestly to 1.0% in 2017 and 3.5% in 2018

Success in securing bilateral, multilateral support would stabilize government’s liquidity & economy’s external positions for a period

Expect very large fiscal deficits to remain in 2017 and 2018 Source text for Eikon.



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